2-3-906. Settlor created unitrust.
A settlor may create a trust instrument with terms providing that the trust shall be administered as a total return unitrust under this act. A settlor may also create a trust instrument with terms providing that the trust may be administered as either an income trust or as a total return unitrust under this act in the discretion of the trustee or a trust protector appointed in the trust instrument.
Structure Wyoming Statutes
Title 2 - Wills, Decedents' Estates and Probate Code
Article 9 - Wyoming Unitrust Act
Section 2-3-901 - Short Title.
Section 2-3-902 - Definitions.
Section 2-3-903 - Unitrust Election by Trustee; Requirements to Make Unitrust Election.
Section 2-3-905 - Unitrust Election by Beneficiary; Ability to Request Trustee Action.
Section 2-3-906 - Settlor Created Unitrust.
Section 2-3-908 - Unitrust Percentages.
Section 2-3-909 - Treatment and Allocation of Income.
Section 2-3-910 - Administration.
Section 2-3-911 - Treatment of Underpayments or Overpayments.
Section 2-3-912 - Effect of Conversion on Governing Instrument.
Section 2-3-914 - Trustee's Liability.
Section 2-3-915 - Judicial Control of Discretionary Powers.